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Advancing Decarbonisation through Clean Electricity Procurement
…ultimately, net zero electricity goals. Using the IEA’s regional power system models for India and Indonesia, the report applies quantitative analysis to examine the implications of different procurement strategies for emissions reduction, procurement costs and technology deployment. A key finding is that when companies set more granular goals – such as matching their electricity demand hourly (rather than annually as has been the dominant practice) – it can stimulate deployment of the wider portfolio of flexible technologies needed for net zero transitions in the power sector.The report aims to guide corporates in choosing impactful ways to procure clean electricity. It…
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Clean Energy Transitions Programme 2021
…Latin America, the People’s Republic of China, India, Indonesia, Southeast Asia and Africa). It then discusses cross-cutting activities, implemented globally.Recognising the excellent results achieved under the CETP, which are presented in the Annual Report 2021 and previous editions, at the IEA Ministerial Meeting in March 2022 representatives from 15 IEA member countries and the European Commission, on behalf of the European Union, reaffirmed their commitment through the CETP to further strengthen IEA capabilities to accelerate the transformation towards a global net zero energy system, in line with the IEA’s strengthened clean energy mandates and Programme of Work.
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Will new PV manufacturing policies in the United States, India and the European Union create global PV supply diversification?
Renewables 2022 This report forms a component of Chapter 4 of Renewables 2022 and addresses a key question in renewable energy markets. The high level of geographical concentration in the global PV supply chain has led the European Union, India and the United States to introduce policy incentives to support domestic PV production. This could result in an unprecedented expansion of PV manufacturing outside of China in the next five years. However, diversifying manufacturing will be possible only if production costs fall to ensure competitiveness with the lowest-cost producers (e.g. in China and ASEAN countries) in both the short and…
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Methodology to Assess the System Value of Different Corporate Procurement Strategies in Developing Economies
…This in turn has cost implications, which we quantify for an example case of India in different scenarios using the IEA’s regional India model. In particular, billing arrangements that allow electricity supply costs to be directly offset with renewable energy fed to the grid, such as ‘energy banking’ agreements or net metering, can result in a mismatch between the value that generators provide to the system – in terms of energy and other services, evaluated in detail in this article – and the reduction in the tariff cost. Similarly, ‘wheeling’ agreements that set the framework for a renewable energy supplier to…